4 ms·

Trump announces 100% tariff on branded or patented pharmaceuticals from Oct. 1

31 points by mikhael 1y ago

gnabgib 1y ago
-on imports of- a seriously misleading title right now. Suggestion: 100% tariff on imports of branded/patented pharmaceuticals announces Trump
- rsynnott 1y ago
  That's redundant; a tariff (in the sense normally used in modern English; there are other meanings but they'll generally be clear from context) is a tax on imports.
- anigbrowl 1y ago
  Tariffs are defined as taxes levied on imported goods. There isn't any other possible interpretation, so it's not misleading unless you don't understand the concept of tariffs at all.
  - galaxy_gas 1y ago
    Not necessarily related to this but this applies to USA definition Outside of USA the word tariffs does means prices. You internet provider will give you list of tariffs .. which plan you wish to realise -- your hosting plans page will be titled Tariffs often not Pricing or Plans
    - rsynnott 1y ago
      That won't be expressed as a percentage, though; the difference should be clear from context.
- saltcured 1y ago
  FWIW, in my US English dialect, tariff is a synonym for "import tax". So for me, there isn't really any other sensible interpretation for the headline.
lawlessone 1y ago
Gonna be a lot of holes dug this weekend.
- bigyabai 1y ago
  Tip your janitors.
WantonQuantum 1y ago
Don't worry, Trump always chickens out.
- bdangubic 1y ago
  he never does, he waits for crypto transfers to clear in his account than says something else silly so we forget about drugs and furniture :)
k310 1y ago
And the bidding for exemptions begins. This story is getting very old very fast.
duxup 1y ago
Did he see a tweet and someone set him off?
anigbrowl 1y ago
Worth noting that he's also announced tariffs on trucks and for some reason, furniture. He seems to be taking the last one personally. https://finance.yahoo.com/news/trump-put-import-taxes-kitchen-232822842.html https://finance.yahoo.com/news/trump-put-import-taxes-kitche...
jleyank 1y ago
Not sure which of these will be the surviving "main" branch, so I'll comment here as well ... I thought pretty much all generic drugs come from India or China, which will do wonders for prices.
- 3eb7988a1663 1y ago
  Even name brand pharmaceuticals are likely to be made off shore. Pharmaceuticals can have a surprisingly deep supply chain. All of which ideally has two suppliers in case one becomes unavailable (drought, war, blockade, etc). All of the major brands will likely have some onshore capacity, but no way that GMP facilities can be turned on overnight that could handle a sudden massive shift in volume. Which goes back to the original question if this is really an attempt to direct policy or just looking for bribes. Manufacturing needs to be planned with years of notice.
burnt-resistor 1y ago
And poor people will die and be more miserable in greater poverty as a consequence. The net result will be higher prices for everyone with little change because prices never go down and domestic producers will get to charge more because of reduced competition.

31 points by mikhael 1y ago

-on imports of- a seriously misleading title right now. Suggestion: 100% tariff on imports of branded/patented pharmaceuticals announces Trump

rsynnott 1y ago
That's redundant; a tariff (in the sense normally used in modern English; there are other meanings but they'll generally be clear from context) is a tax on imports.
anigbrowl 1y ago
Tariffs are defined as taxes levied on imported goods. There isn't any other possible interpretation, so it's not misleading unless you don't understand the concept of tariffs at all.
- galaxy_gas 1y ago
  Not necessarily related to this but this applies to USA definition Outside of USA the word tariffs does means prices. You internet provider will give you list of tariffs .. which plan you wish to realise -- your hosting plans page will be titled Tariffs often not Pricing or Plans
  - rsynnott 1y ago
    That won't be expressed as a percentage, though; the difference should be clear from context.
saltcured 1y ago
FWIW, in my US English dialect, tariff is a synonym for "import tax". So for me, there isn't really any other sensible interpretation for the headline.

lawlessone 1y ago

Gonna be a lot of holes dug this weekend.

bigyabai 1y ago
Tip your janitors.

WantonQuantum 1y ago

Don't worry, Trump always chickens out.

bdangubic 1y ago
he never does, he waits for crypto transfers to clear in his account than says something else silly so we forget about drugs and furniture :)

k310 1y ago

And the bidding for exemptions begins. This story is getting very old very fast.

duxup 1y ago

Did he see a tweet and someone set him off?

anigbrowl 1y ago

Worth noting that he's also announced tariffs on trucks and for some reason, furniture. He seems to be taking the last one personally. https://finance.yahoo.com/news/trump-put-import-taxes-kitchen-232822842.html https://finance.yahoo.com/news/trump-put-import-taxes-kitche...

jleyank 1y ago

Not sure which of these will be the surviving "main" branch, so I'll comment here as well ... I thought pretty much all generic drugs come from India or China, which will do wonders for prices.

3eb7988a1663 1y ago
Even name brand pharmaceuticals are likely to be made off shore. Pharmaceuticals can have a surprisingly deep supply chain. All of which ideally has two suppliers in case one becomes unavailable (drought, war, blockade, etc). All of the major brands will likely have some onshore capacity, but no way that GMP facilities can be turned on overnight that could handle a sudden massive shift in volume. Which goes back to the original question if this is really an attempt to direct policy or just looking for bribes. Manufacturing needs to be planned with years of notice.

burnt-resistor 1y ago

And poor people will die and be more miserable in greater poverty as a consequence. The net result will be higher prices for everyone with little change because prices never go down and domestic producers will get to charge more because of reduced competition.